Mutual Fund 'Soft-Dollar' Arrangements: Analysis and Findings

Journal of Wealth Management, Vol. 19, No. 1 (Fall 2016), pp. 101-107.

https://doi.org/10.3905/jwm.2016.19.2.101

Posted: 20 May 2019

See all articles by John A. Haslem

John A. Haslem

University of Maryland - Robert H. Smith School of Business; University of Maryland - Robert H. Smith School of Business

Multiple version iconThere are 2 versions of this paper

Date Written: July 29, 2016

Abstract

Mutual fund bundling services under soft-dollar arrangements may benefit shareholders — but it is also possible that shareholder capital is wasted through these arrangements. There are two major questions concerning bundling actively managed equity fund research and services in soft-dollar arrangements. First, do soft-dollar arrangements provide higher risk-adjusted fund performance and/or lower advisory fees? Or, second, are shareholder assets wasted through use of soft-dollar arrangements? The research findings answer “yes” only to the second question.

Suggested Citation

Haslem, John A. and Haslem, John A., Mutual Fund 'Soft-Dollar' Arrangements: Analysis and Findings (July 29, 2016). Journal of Wealth Management, Vol. 19, No. 1 (Fall 2016), pp. 101-107., https://doi.org/10.3905/jwm.2016.19.2.101, Available at SSRN: https://ssrn.com/abstract=2815909

John A. Haslem (Contact Author)

University of Maryland - Robert H. Smith School of Business ( email )

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University of Maryland - Robert H. Smith School of Business ( email )

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